If you’ve done some homework, you may already know that locally pawnshops aren’t always the best place to sell your gold items. They tend to loan money for your goods, which means they end up with a lot of stuff when their customers don’t return for their goods. And jewelry seems to be one of the biggest ticket items that pawnbrokers receive. So in order to really profit from their sales, they often offer a very low price for the precious metal.

Local jewelry stores and the new gold buying stores tend to give better prices (as much as 80% of the spot price) for your gold. And, if you are selling gold jewelry that‘s old, you could lose money if the piece is worth more for it’s historical value.

Estate or antique dealers may be the way to go if you believe your pieces are rare or very old. Just be aware that you may need to pay a small fee for them to appraise the pieces.

Auctions houses are another place you can try if you believe your pieces are worth more than just the value of their gold content. Just remember that you will need to cover any fees that the auction house may charge and there’s always a chance your piece won’t get a high enough bid for what you’re asking.

And finally, keep in mind that when you’re dealing with any gold buyer, whether it’s online or offline, shop around. And when you’re in doubt about a company, check with the Better Business Bureau first. So the next time you’re asking yourself or others, where to sell gold jewelry, don’t just consider an online buyer. There may be a local business that you can sell your gold jewelry to and get your cash right away.

For many years, the worth of gold has mostly grown. Whilst it swings from year to year and even day to day, we may say with assurance that in the future gold will be worth more than it is today.

When you stumble on any bits of scrap gold that you need to put up for sale, what can be the easiest means to sell it? If you have need of cash for your scrap gold soon, then there are now a couple of different means to sell gold scrap soon. The first method may be to take the gold jewellery to a local jeweller, despite the fact that you might not get the best value here and you will most likely have to verify your identity.

The other way is to benefit from one of a host of gold buying companies that constantly appear on TV and on the net at present. These companies will offer you a fixed price calculated on the weight and grade of your gold and will usually pay out extremely quickly, usually in 1-2 days.

Another way to sell scrap gold as long as you are not in quite such a dash is to auction it on eBay. Using this can bring you a decent price but do make sure to weigh, explain and take pictures of your scrap gold for sale.

You will need to offer the gold weight in grams, not counting any type of stones or non-gold jewellery. You would additionally need to discover the carat value of your gold scrap. Nearly all gold jewellery or trinkets designed in the UK is 9 carat or 18 carat and gold sovereigns are all 22 carat. Pure gold is 24 carat value.

Largely dealers will advise you in advance the value each gram they can give for the separate carat values of scrap gold. It is not likely that any dealers will offer you the total scrap price for your unwanted gold as they want to earn a profit too. The only means that you may well get more than the current scrap worth for gold is if you list it on eBay, but afterward you will be obliged to shell out sale costs and, as a consequence, you will usually make no more in the end.

The exception to this process, may be if you possess much older gold to put up for sale that is in first-rate condition or unused gold bars. These things may be worth a lot more than scrap rate so you should take these items to a jeweller or else your closest auctioneer for an extra valuation before thinking about selling these items as scrap.

If you own any unwanted gold that you feel may perhaps be antique it could be advisable finding out what the hallmarks tell you. Every single piece of gold jewellery must have hallmarks. These impart the carat value of the gold, the location where it was hallmarked, the age and the maker. If you discover an item that displays no hallmarks then it is probably extremely old, really worn or not actually gold at all.

You may be able to uncover the knowledge you want concerning the hallmarks on the net or consult your closest jeweller, or antique dealer. You can quickly buy a hallmarks book on Amazon. Much recent gold items bought in the UK will probably be hallmarked with either .375 which indicates the item is 9 carat grade, or .750 which will be 18 carat grade.

Finding out if unwanted gold items are 9 carat grade or 18 carat grade prior to selling to a gold buyer should give you a considerably better sense of what your unwanted gold is worth. It is unlikely that you will own any pure 24 carat grade gold, unless you have stashed any gold bars below the flooring!

24 carat gold is too easily bent to be practical for jewellery or gold coins. Gold that has a lower carat grade than 24 has had additional metal incorporated for wear-resistance. The lower the carat grade figure the lower the gold content. Nowadays, commonly silver or copper are combined with the gold to give it strength.

The most important idea to learn is that the higher the carat grade number, the more gold jewellery is worth. So now the scrap rate for 18 carat grade should be twice that for 9 carat grade. When you discover the carat grade of your gold items, the next most critical thing to know is the weight.

It is crucial to obtain an exact weight for your old gold…Your kitchen scales can’t do the task. You can use a jeweller’s scale. If you do not possess one of these, you could buy one on the net for a few pounds. Or take the gold to your nearby jeweller’s shop and ask them to weigh it.

You will require to know the weight of the gold scrap in grams. Once you know the carat grade and the weight of your unwanted gold it is easy to assess its worth. For example, if a gold buyer quotes you that they can pay $7 each gram of 9 carat grade and you sell an old chain, a bangle and a couple of rings that all together weigh 24 grams, it follows that this gold buyer would give you $168.

Obviously, to know when this is a decent offer, you will need to discover today’s scrap price of 9 carat gold. There are a number of sites online where you should find this. A few newspapers also contain daily values for gold.

However, the value you find may well be for 24 carat gold and also usually per ounce, not per gram. This calculation is a little more challenging and you may require a calculator.
Divide the price stated of gold per ounce by 31.3 – this will give you the value per gram.
Then divide this result by 24 and multiply by 9 if the scrap gold is 9 carat, or 18 if 18 carat grade.
This will therefore tell you today’s price for your old gold per gram.
Then just multiply this figure by the quantity of grams of gold scrap you have and this shows you the real worth.

Should you discover that the dealers offer is massively beneath this then go elsewhere or list the gold on eBay. But you shouldn’t overlook that no gold buyer will pay you 100% of the worth as they will need to get a percentage for themselves.